ANZ completes Singapore acquisition
(18 May 2010 – Asia) Australia and New Zealand Banking Group has announced the completion of its acquisition of The Royal Bank of Scotland’s retail and commercial businesses in Singapore, with six ANZ branches now open for business in Singapore.
The bank has re-branded five RBS branches and 19 ATMs and said that it managed the move of customers and staff with minimal disruption. Former RBS customers will also retain their relationship managers after the acquisition.
Singapore is the fifth of six markets where RBS businesses have transitioned to ANZ following the completion of the RBS acquisitions, with the final market, Indonesia, expected to be completed in June.
ANZ officially opened its new Singapore branches yesterday with a ceremony at the ANZ Raffles Place branch and was attended by government representatives from Australia and New Zealand.
Alex Thursby, chief executive officer, Asia Pacific, Europe and America said that the bank is now a leading international bank in Singapore with more than 300,000 customers and strong positions in retail banking, wealth management, private banking, commercial and institutional banking.
ANZ believes in building long-term relationships with customers and its immediate priority is to deepen its relationship with the thousands of Singaporeans who have joint the bank under the acquisition, Mr Thursby added.
Singapore is the fifth of six markets where RBS businesses have transitioned to ANZ following the completion of the RBS acquisitions, with the final market, Indonesia, expected to be completed in June.
ANZ officially opened its new Singapore branches yesterday with a ceremony at the ANZ Raffles Place branch and was attended by government representatives from Australia and New Zealand.
Alex Thursby, chief executive officer, Asia Pacific, Europe and America said that the bank is now a leading international bank in Singapore with more than 300,000 customers and strong positions in retail banking, wealth management, private banking, commercial and institutional banking.
ANZ believes in building long-term relationships with customers and its immediate priority is to deepen its relationship with the thousands of Singaporeans who have joint the bank under the acquisition, Mr Thursby added.
Subscribe